Weekly rig count falls by 1.4%

Baker Hughes tallies North American total at 2,048

RuthMantell

SAN FRANCISCO (MarketWatch) -- The number of rigs drilling for oil and natural gas in North American fell by 30, or 1.4%, to 2,048 in the week ended Nov. 11, according to Baker Hughes Inc.

The overall North American rig count rose by 341 from the year-ago period, with the U.S. tally up by 220 and the Canadian rig count up by 121 from last year.

Baker Hughes
BHI, -1.84%
a Houston-based oil-field products and services provider, said Friday that the number of active U.S. oil rigs was 241, an increase of 10 from last week. Last year, oil rigs in operation totaled 179.

The company also said the number of rigs drilling for natural gas was 1,232, a decrease of 28 from last week. A year ago, there were 1,079 such rigs operating in the United States.

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